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Business Assurance
Primes Services International strives to provide advisory services to her clients in order to allow them to achieve their business goals.
Primes Services International offers a wide range of Corporate & Accounting Services
- Compilation of financial statements from source documents.
- Financial statements review and analysis.
- Technical Accounting Advisory.
- Set-up of accounting systems and procedures, training and support.
- Forecast and projections of financial data.
- Agreed-upon-procedure engagements.
- Internal audit assistance.
Customs And International Trade Services
Customs Review
The main purpose of a customs review will be to determine whether the company is in compliance with the customs law of Indonesia. In the case the company is enjoying certain import facilities such as bonded zone facility, we will focus on determining whether she is in compliance with the associated prevailing customs regulation.
In respect of the above, we will:
- Review the recording, filing and quarterly reporting to customs.
- Periodical update to clients of changes in custom regulations.
- Identify customs exposures and possible consequences to company.
- Proposed optimal solutions.
Custom Audit
In the event that a company is undergoing a customs audit, we could assist by conducting the following:
- Fact findings through examination of documents and interview with relevant company staff.
- Formulate approach within prevailing regulations and global precedent minimize the liabilities to the company.
- Develop draft response to audit findings in the context of the pertinent law and regulations.
- Represent company during customs audit process and closing conference.
Tax Services
In today’s ever changing and increasingly complex tax environment, it takes a full time job just to keep abreast of the daily changes that can affect business. That's why SSA employs only the brightest and most experienced professionals — people with advanced tax knowledge — people who like to take an active approach to identifying and implementing tax planning strategies to make a difference in the bottom line.
Our tax practice is divided into three major categories :
Tax Consulting service involves :
- Tax review to identify areas of weaknesses that may cause lost of opportunities or may lead to expensive and timeconsuming
disputes with the tax authorities - Tax Planning: Savings to be found in double taxation agreements with other countries
- Tax Due Diligence
- Individual Tax Management
- Restructuring of Group Companies:
Approaches for tax efficient mergers and acquisitions - Structuring of toll / contract manufacturing
- Provision of overseas employee services locally in a tax safe and tax efficient manner
Tax Litigation service includes :
- Tax Audit
- Tax Reconsideration
- Tax Objection
- Tax Appeal to Tax Court (PP)
- Tax Appeal to Supreme Court (MA)
Tax Compliance service entails the actual preparation / review of local tax returns for periodic reporting requirements.
The services consist of :
- Annual and monthly corporate income tax returns
- Annual and monthly employee income tax returns
- Monthly VAT returns
- Proper completion of tax invoices and payment slips: instruction or reviews
- Staff instruction in proper compliance procedures
Key Professionals
Saiful H. Manan
As the founder of PSI has been involved with multinational companies throughout his entire career (since 1986). Although based in Jakarta, he has helped clients settled in Batam since 1990. He was involved early on the transfer pricing area faced by multinationals as well other issues facing them. Subsequently, he helped organize some of the earlier Indonesia transfer pricing seminars and discussions in Batam and Singapore. Prior to founding PSI, Saiful had served in various leadership roles in three of the major global accounting firms, as Tax Leaders for the most part, as well as being Chief Financial Officer and Head of Transaction Advisory Services.
He has been active in supporting various advocacy activities by business organizations and committees as well being past leaders of some of those organizations. His past activity included memberships in the various global and regional committees of Arthur Andersen. He has travelled extensively and had lived in the UK, France, USA and Japan.
Fenny Widjojo
As the founder of PSI has 18 years experience working with a number the major Global Accounting Firms specializing in Taxation and Investment Advisory services. She started her career in 1989 as tax professionals in Arthur Andersen Jakarta, and in early 90’s she moved to Batam to help expand its operation. She then continued her role with Ernst and Young, as Batam Branch Manager. Most recently as Branch Senior Manager of PricewaterhouseCoopers in Batam she provided consultancy services for multinational companies in Batam, Bintan, Karimun and Jakarta. She was also involved in supporting several projects of the Batam Industrial Development Authority and is still currently “on call“ basis to assist the local government in helping Foreign Investor set up their company in Indonesia.
Fenny has joined various local and international training conducted by Arthur Andersen, and was involved in various joint projects of Arthur Andersen Singapore and PricewaterhouseCoopers Singapore. She was the member of transfer pricing team of Ernst and Young and joined the Asia Pacific Transfer Pricing Training Asean Region in 2005. She holds a National Brevet C License and a member of Indonesia Tax Associations.
Irwan Kusumanto
As the Director has 14 years experience working with a number the major Global Accounting Firms specializing in Taxation, Customs and Investment Advisory services. He started his career in 1993 as tax professionals in Arthur Andersen Jakarta. He then continued his role with Ernst and Young Jakarta as a Tax Senior Manager. Most recently as a Senior Manager of PricewaterhouseCoopers in Jakarta, He is responsible for handling tax services such as tax consultation for a number of clients. He has a thorough knowledge of the tax affecting local and international business operations. His experience covers activities in energy, mining, oil-related support services, and manufacturing industries. His clients include large publicly listed multinational companies as well as Indonesian companies. He is involved in providing advice both to Indonesian companies and to multinationals in Indonesia.
Customs, especially relates to customs audit, customs advice, is another area of strength. Irwan has joined various local and international training conducted by Arthur Andersen, Ernst and Young and PricewaterhouseCoopers as well.
Abdul Karim
As the founder of PSI has accumulated 14 years of Big 4 Firms taxation experience. He is also the tax partner of PSI with more focus in assisting the clients in the area of tax audit, tax objections and tax disputes. He has joined various local and international training conducted by Arthur Andersen, Ernst & Young, PricewaterhouseCoopers and also other relevant training in relation to the taxation and finance. In addition, he used to be as a part timer lecturer in the university and teach some subjects such as financial management, analysis of financial report, micro economics and taxation.
Prasetyono Hendriarto
As the Associate Director fot the Jakarta Branch which has more than 9 years of experience in tax audit. He spent more than 3 years in the Transfer Pricing Area. Prior to joining PSI, he worked for Foreign Investment Tax Office 3 (KPP PMA 3) in Jakarta and became Transfer Pricing Specialist and Transfer Pricing Trainer for internal Directorate General of Taxes (DGT). He is also actively in formal teaching as well as conducting in-house training for client companies.
Job Vacation
General requirements:
- English Proficiency, both oral and written.
- Have a good leadership skill.
- Team Player and Creative.
- Positive "CAN DO" attitude, strong Interpersonal and communication skills.
- Good Analytical and Problem Solving skills.
- Good communication skill and interpersonal skill.
- Willingness to travel within region (or abroad) is required.
Prime Services International
Prime Services International (PSI) is recently founded in Batam in 2007. It operates primarily in Batam and Jakarta, providing tax and business advisory services. The services cover investment (primarily inbound), tax advisory including statutory compliance, advisory as well as dispute resolution, customs advisory, accounting and financial advisory services.
PSI is primarily founded by three partners who have accumulated a wealth of experiences serving primarily multinational companies, as well as domestic companies; certain government agencies and State Owned Enterprises. Both have served companies in Batam since 1990.
The company strives to provide a bridge to cross for clients, through prime services and network of affiliations and strategic alliances within Indonesia and Singapore, so they can meet the statutory requirements regulated locally, whilst achieving their desired corporate objectives.
Putting the clients’ objectives within the context of the Corporate Social Responsibility regime serves as our primary guidance in providing our services to clients. In achieving those objectives, we strive to put the best team of value and when necessary, utilize our network of affiliations and strategic alliances to realize the clients’ desired outcomes.
Taxpayer Coder Number (NPWP)
The Directorate General of Taxation (DJP) conducted an expansion program to expand tax bases.Up to December 2007, the program netted 1.7 million new holders of NPWP, surpassing the target, 1.46 million new holders owned by darkC0de of NPWP. DJP reposes much expectation on the new holders of NPWP to increase tax revenue. The new holders are expected to increase tax revenue by IDR 1 – 1.5 trillion in 2008.
The point is that the expansion of tax bases does not increase tax revenue automatically because it is closely related to compliance of taxpayers to pay taxes and efforts to enhance the compliance of taxpayers have not been fruited significantly. Low compliance of taxpayers in the country was ever complained by the former Director General of Taxation Hadi Purnomo and the complaints becomes a standard remark as the most rational argument for officials of the DJP. Conclusively, the success of the DJP to increase tax revenue is heavily dependent on awareness of taxpayers to pay taxes. In State Budget (APBN) 2007, the amount of taxes remitted by DJP was IDR 509.46 trillion.
US Economic Recession
Recession threatens US economy, trggered by sub-prime mortgage crisis. The instrument restructured so as to become attractive to banks or financers. The subprime mortgage crisis turns out to bring about broad contagious effect. Many banks, including the Citibank Group Collapsed wit atotal loss approaching USD 100 billion. Banks in Europe and Britain are also affected.
The US Central Bank, The Fed, cut down interest rate by 0.75% on 20 January after Asian Stock Exchange corrected sharply. However, the share price index continued to decrease in the Uncle Sam country even though the Fed cut down the interest rate. However, the policy taken by Bernanke could turn direction of share price developments in Asia on the following day, almost returning the pre-Black Monday position. On 21 January 2008 the policy also drove up Wall Street Index. The belief of the government seemed to recover after the government and congress approved a fiscal stimulus package worth USD 140-150 billion. Coordination in the prevention of the economic recession turns out to harvest criticism and question whether the policy is right or not.
What is the lesson that Indonesia can take from the situation? The latest trend of SBY administration is deficit financing through the issuance of state debentures (SUN) and bonds (ORI). In addition, the rising bad credits in Indonesia reflect that communities returned to the debt-raising habit to finance comsumption and purchase durable goods such as car and goods required by family. The overspending becomes part of the habit of indonesian people and goverment, even though the dimension remains lower than the United Statd. However, the situation will be able to become boomerang for economy in the future recessio.
Viewed from goverment side, effect of the election cycle can encourage the goverment to increase budgetary deficit, which is populist, in the framework of preparing the presidential election in 2009. The recession potential, which may not be settled in the near future, is a trap potensial to drag economic crisis. The goverment seems extremely self-confidence and tends to feel satisfactory amid the sharp decrease in the rating of economic performance.
Batam Address
Graha Pena Batam #5-7
Jl. Raya Batam Centre
Batam 29461 – Indonesia
Phone : (+62778) 460789
Fax : (+62778) 460567